Sei Investments Co. Sells 8,816 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Sei Investments Co. lessened its position in Honda Motor Co., Ltd. (NYSE:HMC) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,563 shares of the company’s stock after selling 8,816 shares during the quarter. Sei Investments Co.’s holdings in Honda Motor were worth $5,112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RFP Financial Group LLC lifted its holdings in Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after buying an additional 316 shares in the last quarter. Rise Advisors LLC bought a new stake in Honda Motor during the 1st quarter valued at about $27,000. Rothschild Investment LLC bought a new stake in Honda Motor during the 2nd quarter valued at about $28,000. LRI Investments LLC lifted its holdings in Honda Motor by 1,263.6% during the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after buying an additional 834 shares in the last quarter. Finally, Family Firm Inc. bought a new stake in Honda Motor during the 2nd quarter valued at about $35,000. Institutional investors own 5.32% of the company’s stock.

Honda Motor Trading Up 0.4 %

Shares of HMC opened at $31.87 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. The firm has a market capitalization of $54.52 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 2.81 and a beta of 0.67. The company has a 50-day moving average of $31.59 and a 200 day moving average of $33.07. Honda Motor Co., Ltd. has a 1-year low of $27.69 and a 1-year high of $37.90.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The business had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.75 billion. On average, research analysts expect that Honda Motor Co., Ltd. will post 4.73 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 11th.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.